U.S. contractors have a lot on their minds as they look to the year ahead.
Snarled supply chains and rising inflation could bring higher costs and lower profits in 2023. Workforce shortages, which make projects take longer and cost more, look set to worsen in 2023.
As the specter of a recession continues to loom despite higher interest rates, contractors are preparing for a downturn while staying optimistic, thanks to above-average backlog and federal funding for infrastructure and manufacturing.
